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What is ps2?

PS2 stands for Form 1099-PS, which is used to report payments that are made as part of a settlement agreement or court judgment.

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The payer of the settlement or judgment is required to file Form 1099-PS.

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Form 1099-PS must be filled out with the payer's information, the recipient's information, and the details of the settlement or judgment payment.

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The purpose of Form 1099-PS is to report payments made as part of a settlement agreement or court judgment to the IRS.

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The form must include the payer's information, the recipient's information, the amount of the payment, and the reason for the payment.

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